Warner Music Group scrap unrecouped label balances for heritage acts as streaming hits artists hard February 1, 2022 Warner Music Group and Universal Music have announced they will be introducing a “legacy unrecouped advances program”, cancelling out unrecouped label balances from thousands of artists.
Ackman snaps up $1bn Netflix stake to go “all-in” on streaming January 27, 2022 Billionaire activist investor Bill Ackman has revealed he has built a stake in Netflix worth more than $1bn dollars, as the streaming giant battles a spiralling share price and investor exodus. Ackman announced on Twitter yesterday that his firm Pershing Square Capital Management started buying up Netflix shares on Friday and was now a top-20 [...]
Sony Music Entertainment buys Bob Dylan’s entire catalogue of tunes January 24, 2022 Sony Music Entertainment has bought Bob Dylan’s entire back catalogue of recorded music, as well as the rights to several future releases, in a figureless deal. It follows Lionel Richie cutting a deal with Universal Music in November, after a string of lofty deals over the course of 2021, as record labels battle it out [...]
Warner Music buys 300 Entertainment for $400m December 17, 2021 Warner Music has announced the purchase of 300 Entertainment, the label behind artists such as Megan Thee Stallion and Mary J. Blige. Even though both companies did not disclose the deal’s value, sources told Reuters it amounted to around $400m. “[Warner Music] is the perfect home for 300 artists and our team, as we invest [...]
Born to Sell: Springsteen cashes in a record £376m from Sony for music December 17, 2021 Bruce Springsteen reportedly sold his master recordings and publishing rights yesterday for a record $500m (£376m) to Sony Music.
PA Awards 2021: The Finalists December 6, 2021 The City A.M. PA Awards was founded in 2019 as a celebration for the too often unsung heroes, who so frequently go above and beyond in their field, helping their companies to achieve the impossible. After this most challenging of years we will be celebrating those men and women who have proven themselves to be an [...]
Ethereum sets new record high as US mayors compete for Bitcoin pay November 8, 2021 It’s been a strong start to the week for the Bitcoin price, which is up around six per cent over the past 24 hours to just below $66k.
Dancing on the Ceiling: Lionel Richie sells entire catalogue to Universal Music November 4, 2021 Iconic Grammy award-winning recording artist and songwriter Lionel Ritchie has signed a new global publishing deal with Universal Music Publishing Group.
Bruce Springsteen ‘close’ to selling his music to Sony in £256m deal November 3, 2021 Bruce Springsteen is reportedly in talks to sell his recorded catalogue to Sony Music.
The gold rush for David Bowie’s music copyright October 29, 2021 David Bowie’s estate is in talks to sell his songwriting catalogue for bids of around $200m.